The Hyperhidrosis Treatment Market is projected to grow at a rate of 5.7% in terms of value, from USD 1.27 Billion in 2019 to reach USD 2.10 Billion by 2030. Hyperhidrosis is a chronic problem where abnormal/excessive sweating (occurring in hands, feet, and armpits, among others) happens in the person, which is mostly unrelated to exercise or heat. One may perspire so much that it splashes through the garments or dribbles off their hands.
Other than disturbing ordinary everyday exercises, this kind of substantial perspiring can cause social anxiety and shame. The condition may be treated with medications such as Botox and antiperspirants. A serious state of extraordinary perspiring regardless of the ecological condition called Diaphoresis is additionally known to be auxiliary hyperhidrosis.
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The increasing awareness about the different sorts of treatment options accessible to fix an occurrence of serious perspiration and to for the betterment of life quality in the event of minor hyperhidrosis is anticipated to propel hyperhidrosis treatment market. Additionally, the government is also supporting the cause by providing reimbursement facility for hyperhidrosis, which will also increase market demand. For example, in the U.S. as of late in 2019, a reimbursement plan code was discharged for hyperhidrosis associated treatment with ICD-10-CM as the diagnosis code.
One of the key drivers for the market includes the increased diagnosis rate of this illness, combined with the accessibility of advanced technology devices and sophistical propelled treatment choices. Asia Pacific region is anticipated to enlist the most significant development rate during the conjecture period, inferable from rising awareness about this abnormality combined with growing cases of anxiety and depression in the region. The U.S. has the highest number of cases among the major developed and developing nations shrouded in this report. The estimated prevalence rate for hyperhidrosis in the U.S. is approximately 5%. Of these sufferers, more than 50% have axillary hyperhidrosis. In 2013, the prevalence rate for primary axillary type in Japan was around 6%, which means about 2 million individuals experienced extreme side effects of primary axillary type. In 2016 the revealed prevalence rate for primary focal type in Germany was more than 4%. The revealed prevalence rate for hyperhidrosis in the U.K. in 2005 remained at 1.6%. There is more than 1.2 million hyperhidrosis in common cases in Spain.
The organizations working in the market are concentrating on R&D speculations and fundraising to direct clinical preliminaries that lead to solid item pipeline. For example, Revance Therapeutics, Inc’s RT002 and Brickell Biotech, Inc’s Sofpironium Bromide which is a topical anticholinergic, are a portion of the items under clinical preliminary for the healing of hyperhidrosis.
However, budget constraints associated with the treatment may create hindrances in the growth of the market in the forecast period.
Disease Type Outlook:
The Plantar Hyperhidrosis disease type segment is expected to grow with a CAGR of 5.1% during the forecast period. Plantar hyperhidrosis is a frequently occurring condition in 1.0% to 3.0% of the global population and generally starts in adolescence or childhood. The disease may cause substantial physical limitations and susceptibility to fungal and bacterial infections. Several causes may result in plantar hyperhidrosis, such as genetic effects, along with stress. Besides, genetic causes are present in around 30.0% of the cases, and the diagnosis is generally made on account of excessive sweating.
Treatment Type Outlook:
The Physiotherapy treatment type segment is expected to register significant growth during 2020-2030. However, medications treatment type segment of hyperhidrosis treatment market holds the largest share in the global hyperhidrosis treatment market.
The most commonly adopted medication for excessive sweating is antiperspirants and deodorants. While some special prescription-strength antiperspirants are also in the market. These antiperspirants aren’t just for applying on underarms. It can likewise be applied to some different sweating body parts where
sweating is excessive, similar to your hands and feet. Some can even be applied if needed to the hairline.
Iontophoresis is a very old adopted treatment method for sweating problems. In this treatment, one has to sit with hands, feet, or both in a shallow plate of water for around 20 to 30 minutes, while a low electrical flow goes through the water. It is not precisely proven that how this treatment functions, however specialists trust it squares sweat from getting to the skin’s surface. The process has to be repeated a couple of times each week; however, after a few times, one may quit perspiring.
Distribution Channel Outlook:
By end-users, hospitals & clinics held the largest market share in 2019 and are projected to witness a growth rate of 5.5% in the forecast period. The factors, including well-resourced diagnostic rooms, higher purchasing power, the existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
Regional Outlook:
The North American regional segment held the largest share in the Hyperhidrosis Treatment market of 33.0% by 2019. Its dominance can be attributed to the increase in investments in R&D activities due to the high prevalence of excessive sweating associated diseases. Additionally, the development of novel physiotherapy solutions and the presence of major players in the region further drive the market growth.
Asia-Pacific regional segment of the Hyperhidrosis Treatment market is expected to remain the highest growing segment during 2020-2030 and is expected to register a CAGR of 6.2%, owing to increased technological advancements in developing safe and side effects free treatment alternatives and funding provided by the government and private organizations. Also, increased investment by the biotechnology and pharmaceutical companies is expected to increase the industry demand.
Market-O-Nomics:
- As indicated by the International Hyperhidrosis Society (IHS), the worldwide common populace of excessive perspiration is 367 million. The U.S. has the most hyperhidrosis cases among the major created nations canvassed in this report. Hyperhidrosis happens in people similarly and can display at any age.
- For example, Ulthera, Inc. is assessing the Ulthera framework – a micro-focused ultrasound framework for the demolition of perspiration organs. Candela Corp., as a team, is creating diode laser treatment gadgets for the axillary type of perspiration healing. The success of these treatment choices relies upon the acknowledgment by the doctors and the selection of procedures by patients.
- As per a study, most patients are experiencing hyperhidrosis request the requirement for at-home arrangements that give comfortable and accommodating help, particularly for children. In any case, fruitful research analyses are offering to ascend to compelling and well-suffered hyperhidrosis treatment solutions for kids.
- Despite various alternatives, people opt for natural remedies. Characteristic solutions for treating hyperhidrosis may incorporate homegrown substances, for example, sage tea or sage tablets, chamomile, valerian root, and St. John’s Wort. Needle therapy, biofeedback, spellbinding, and unwinding strategies have likewise been recommended as potential medications. As of late, we got an email recommending that eating a totally sans gluten diet can make over the top perspiring stop. As of now, there is little research to prescribe such regular cures; however, this doesn’t limit their potential.
- As part of the awareness mission of the international society of hyperhidrosis, an annual conference of the Annual European Academy of Dermatology and Venereology (EADV) Congress has been held in Madrid, Spain, for expanding global hyperhidrosis awareness, best practices, and collaborations. This event aims to bring together twelve thousand dermatology professionals from a hundred countries for 750 lecturers and over 180 educational sessions.
Competitive Landscape:
The leading companies profiled in the report are Allergan (Ireland), Brickell Biotech, Inc. (U.S.), Dermira, Inc. (U.S.), GlaxoSmithKline plc (U.K.), Revance Therapeutics, Inc. (U.S.), Ulthera, Inc. (U.S.), Dr. August Wolff GmbH (Germany), TheraVida, and Sientra Inc. (U.S.).
The players operating in the market have undertaken a number of strategies related to the market in the period 2019-2020. Some of the key highlights are:
In June 2018, Dermira, Inc. announced the receiving of the approval of the U.S. Food and Drug Administration (FDA) for Qbrexza™ (glycopyrronium) cloth, an anticholinergic for primary axillary hyperhidrosis topical treatment.
Deal Landscape:
Mergers and Acquisitions are an integral part of the industry. Along with the companies operating in the market, other key market players have also been entering the industry.
In September 2019, Brickell Biotech, Inc. announced the completion of its merger with Vical Inc. The merger of significant importance to Brickell, as it on its way, commence the Phase 3 program of its principal asset, sofpironium bromide, meant for patients suffering from axillary hyperhidrosis.
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2019 to 2030. For the purpose of this study, Reports and Data has segmented the Global Hyperhidrosis Treatment Market on the basis of disease, treatment, distribution channel, and region:
Disease Outlook (Revenue, USD Million; 2019-2030)
- Primary Focal Hyperhidrosis
- Palmar Hyperhidrosis
- Plantar Hyperhidrosis
- Others
Treatment Outlook (Revenue, USD Million; 2019-2030)
- Medications
- Antiperspirants
- Prescription strength antiperspirants
- Over-the-counter antiperspirants
- Anticholinergics
- Botox (botulinum toxin) – A
- Antiperspirants
- Physiotherapy
- Surgical Treatments
- Invasive Treatments
- Non-invasive Treatments
- Laser Treatments
- Microwave Energy Destruction of Sweat Glands
Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
- Hospital Pharmacy
- Retail Pharmacy
- Online Prescription Stores
Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
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